Markets Seen Starting Quarter Higher

4/1/2013 9:59AM

Stocks are expected to nudge higher to start the new quarter, with investors looking ahead to manufacturing and construction data for cues on whether the trek to new highs can continue. Steven Russolillo reports. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... welcome back to good use of Stock futures flat this morning ... but this fall is you know really the best start to wee years since I think is in nineteen ninety eight Supercell alone that's a ninety eight got sold to a good run in the first quarter exactly the Dow was up eleven percent in the first quarter as you said the sorts of things in the Essen P was up ten percent ... quite the AP could start to twenty thirty years the now moving into the second quarter ... the big question is will last how much stamina and how much momentum is behind this rally rate now fourteen years you how much around how much momentum well you know people ... obviously there's two sides included a lot people think that as long as the Fed keeps doing what it's doing rebels most acute since ... its monthly bond buying purchases ... in tax year ... there's no reason to think why the remarkable keep moving higher ... go ... up but yet at least for the sorts of nowhere look it's an economic data today is close to the rest of the Week manufactured locally manufactured report is on tap later this morning ... on the web not support display as it got support on Friday and so that's the big Kahuna of economic reports in Seoul for the jobs ... of what has been shown the will but more momentum over the past few months so people looking for that's the sort of remain sustainable ... heading into real heading into the spring season here ok what are three stocks that you're looking at ... I just a really big but coming out of the first quarter yet so so tech stocks are obviously leasing focus of where to look at Apple and Research in Motion hair work for BlackBerry with everyone call it hell but I'm Apple had another tough quarter ... was down seventeen percent to start this year and that comes after that the big spoon at the end of twenty twelve so people are wondering ... no one has the slide going to and there were some signs that the end of the first quarter that maybe some technical factors the needy ... of the stock was starting to feel a little bit of positive momentum but ... it still in its toll far cry from where was back in September and another with Simon in the new BlackBerry which other companies where the stock was great quarter stock was over the past six months it's up and got hundred and thirty percent ... that said though ... short interest in this team is still run a record high so people even without any any new data is soon to be shifts in black raises were not clear how many they're going to exact sell right ... and can eat and economy apps for their new week their new ... alas the rental property to securing consistently challenge of a new look it's just the stock to just look at the stock alone ... but then you see it there so we people betting against it ... that actually could be of bullish sign because it easy on the exact that some people start pulling back in the short positions you could get a ... square which was the reason we see the stock to Buy asks speaking a short squeeze ... Ally so Herbalife again this is another one that stood in the news for quite some time here ... and our colleague Julia child had a great story in today's paper saying that ... we'll all all parties that are involved in this list it Bill Ackman Carl Icahn Daniel Loeb ... them all up on their investments even so Bill Ackman is betting against the company Carl Icahn is is on the company's side can SOEs Daniel Loeb its tail when they they bought it in me that moves it nicely although read Ackman ... didn't even of the bride to everyone's attention Wren who was Ardi paintings depicting David P Morgan Morgan right is only knocked it down Eastern talking about it read these other guys are also high profile Sonic's year buying it ... goes topsy began exactly ... to seek a big donor to the big with tears Herbalife because of the past twelve months the stock is lost in all of the third of its value for someone around that level so yes but you're right though because guess at what's the easy watching these guys in the past its reputation for being smart guys that is so for filling Einhorn Perry gives up and gives a speech he Knox's stock write write a mean anyone if you know buffets and inside exactly ... at Herbalife is a name that was on this thing nobody's radar Unseld David Einhorn started asking questions the covers pulled back in May when Ackman media's these sort disclosure in December ... and that night and had located an icon now so ... it was interesting here is that you're right because once I think in in the stock at a big drop but as it fell than you are those of the two guys coming in and they were buying now it's it's been recovering a little bit so ... all three are actually winners rate at which the well which I found surprising that ... data will suffice actually asks is actually taken some those profits to the two ... are so far still sitting atop its executive ... Steve thanks for joining a queue and for more on the markets be sure to join us on WS J live at ten thirty four in the markets of